Robinhood Markets, Inc. (NASDAQ:HOOD – Get Rating) has earned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $12.36.
A number of analysts recently issued reports on HOOD shares. Mizuho raised their price objective on shares of Robinhood Markets from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, November 4th. Citigroup lowered Robinhood Markets from a “buy” rating to a “neutral” rating and reduced their target price for the company from $11.00 to $10.00 in a report on Monday, December 12th. Morgan Stanley lifted their target price on Robinhood Markets from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, November 7th. Barclays lifted their price target on Robinhood Markets from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Monday, October 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Robinhood Markets from $11.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, November 15th.
Robinhood Markets Stock Down 0.7 %
Shares of HOOD opened at $8.61 on Friday. Robinhood Markets has a 12-month low of $6.81 and a 12-month high of $19.37. The business’s fifty day moving average is $10.03 and its 200 day moving average is $9.56. The stock has a market cap of $7.64 billion, a P/E ratio of -1.18 and a beta of 0.83.
Insider Buying and Selling
In other Robinhood Markets news, CEO Vladimir Tenev sold 83,334 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $9.36, for a total value of $780,006.24. Following the completion of the sale, the chief executive officer now owns 1,327,936 shares in the company, valued at $12,429,480.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Robinhood Markets news, insider Daniel Martin Gallagher, Jr. sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $9.77, for a total value of $122,125.00. Following the completion of the sale, the insider now owns 333,029 shares in the company, valued at $3,253,693.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vladimir Tenev sold 83,334 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $9.36, for a total value of $780,006.24. Following the transaction, the chief executive officer now directly owns 1,327,936 shares in the company, valued at $12,429,480.96. The disclosure for this sale can be found here. Insiders sold 246,480 shares of company stock worth $2,445,504 in the last quarter. 15.31% of the stock is owned by insiders.
Hedge Funds Weigh In On Robinhood Markets
Several hedge funds have recently made changes to their positions in HOOD. Covestor Ltd purchased a new position in shares of Robinhood Markets during the first quarter valued at approximately $28,000. Quantbot Technologies LP purchased a new stake in Robinhood Markets in the second quarter worth $28,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Robinhood Markets in the second quarter worth $29,000. CWM LLC purchased a new stake in Robinhood Markets in the second quarter worth $33,000. Finally, Seeyond purchased a new stake in Robinhood Markets in the second quarter worth $43,000. 57.95% of the stock is owned by hedge funds and other institutional investors.
Robinhood Markets Company Profile
Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron’s, Reuters, and The Wall Street Journal; lists and alerts, which allow users to create custom watchlists and alerts to monitor securities, ETFs, and cryptocurrencies, as well as cash management services; and offers First trade recommendations to all new customers who have yet to place a trade.